Jan 5, 2021 | Budgets & Projections
2021 Deficit On Course to Hit $2.3 Trillion
In light of the enactment of the year-end spending and COVID relief deal, we estimate the deficit will total $2.3 trillion for Fiscal Year (FY) 2021...
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Welcome to our blog – The Bottom Line, where you’ll find up-to-date commentary and analysis on the most important news in the fiscal world. Below is a list of our blog posts.
Jan 4, 2021 | Other Spending
Maya MacGuineas Joins CNN to Discuss Healing Political Divisions
Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on CNN to discuss how President-Elect Joe Biden can ...
Dec 31, 2020 | Budgets & Projections
Our Top 20 Charts of 2020
2020 was a busy year for fiscal policy, which gave us ample opportunities to conduct substantive policy analyses using charts and tables. This year,...
Dec 30, 2020 | Other Spending
Would $2,000 Stimulus Checks Go to Six-Figure Households?
The House approved the CASH Act Monday to increase recently enacted stimulus checks from $600 to $2,000 per person. Some of those...
Dec 28, 2020 | Other Spending
How Much Would $2,000 Checks Cost?
With the enactment of the Response & Relief Act yesterday, policymakers in both parties have called for expanding recovery rebates from $600...
Dec 28, 2020 | Other Spending
Appropriations Watch: FY 2021
Updated 12/28/2020: The House passed a combined omnibus appropriations bill and COVID-19 relief package on Monday, Dec. 21 by votes of 327 to 85 and...
The Response & Relief Act Would Support the Economic Recovery
President Trump is yet to sign the year-end bill that contains the Coronavirus Response & Relief Supplemental Appropriations Act and...
Dec 24, 2020 | Other Spending
The Response & Relief Act Would Boost Income To Record Levels
Unlike in past recessions, personal income has grown during the current crisis as a result of the aggressive fiscal and monetary actions taken to...
Dec 23, 2020 | Taxes
Omnibus Package Includes $135 Billion of Unrelated Tax Breaks
The omnibus package includes government funding for the rest of fiscal year 2021 and significant COVID relief, but it also contains $135 billion...
Dec 22, 2020 | Other Spending
The Fiscal Response to COVID-19 Will be Larger than the Great Recession Response
The Coronavirus Response & Relief Supplemental Appropriations Act has been passed by Congress and awaits the President's signature. Assuming...